The future

Jay Bookman talks about tax increases on upper-income earners, and - being a fan of progessive taxation - I'm in agreement.

I think much of the progress made by the American economy in the middle of the 20th century were the direct result of a strong, vital labor movement and progressive taxation that delivered more-than-adequate investments in infrastructure, education, social services and the like. We've gotten away from that, largely because we've permitted an economic falsehood - low taxes are always awesome - that become a popular talking point over the past 30 or so years.